Vanguard Group Inc. Buys 1,325,717 Shares of Zeta Global Holdings Corp. $ZETA

Key Points

• Vanguard Group increased its stake in Zeta Global by 6.1% in Q4, buying 1,325,717 shares to own 23,051,314 shares (9.58% of the company) worth about $469.1 million.
• Zeta beat the latest-quarter estimates with EPS of $0.28 versus $0.23 and revenue of $394.6 million, a 25.4% year-over-year increase.
• Analysts are broadly positive—10 Buy, 3 Hold, 1 Sell—with a consensus target of $28.33 versus a recent share price near $17.86 (market cap ≈ $4.36B), indicating notable upside per consensus estimates.

Vanguard Group Inc. increased its stake in shares of Zeta Global Holdings Corp. (NYSE:ZETA - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,051,314 shares of the company's stock after buying an additional 1,325,717 shares during the quarter. Vanguard Group Inc. owned 9.58% of Zeta Global worth $469,094,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Binnacle Investments Inc bought a new position in Zeta Global during the 3rd quarter valued at about $30,000. National Bank of Canada FI grew its position in Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company's stock worth $36,000 after acquiring an additional 1,267 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Zeta Global by 124.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company's stock valued at $37,000 after purchasing an additional 1,023 shares in the last quarter. Game Plan Financial Advisors LLC bought a new position in Zeta Global in the 3rd quarter valued at $55,000. Finally, Optiver Holding B.V. boosted its stake in Zeta Global by 97.1% in the third quarter. Optiver Holding B.V. now owns 2,940 shares of the company's stock worth $58,000 after purchasing an additional 1,448 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ZETA shares. Morgan Stanley lifted their price target on Zeta Global from $23.00 to $27.00 and gave the company an "equal weight" rating in a report on Thursday, January 15th. B. Riley Financial reaffirmed a "buy" rating on shares of Zeta Global in a research note on Friday. KeyCorp raised shares of Zeta Global from a "sector weight" rating to an "overweight" rating and set a $22.00 price target for the company in a report on Tuesday, April 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Zeta Global in a research report on Monday, April 20th. Finally, DA Davidson upped their price target on Zeta Global from $29.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zeta Global has an average rating of "Moderate Buy" and a consensus target price of $28.33.

Zeta Global Stock Down 3.3%

NYSE:ZETA opened at $17.86 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global Holdings Corp. has a 12-month low of $12.10 and a 12-month high of $24.90. The stock's fifty day simple moving average is $17.10 and its 200-day simple moving average is $18.26. The firm has a market capitalization of $4.36 billion, a P/E ratio of -162.35, a P/E/G ratio of 2.12 and a beta of 1.29.

Zeta Global (NYSE:ZETA - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The company's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Equities research analysts expect that Zeta Global Holdings Corp. will post 0.27 earnings per share for the current year.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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